Charitable gift annuities are given as irrevocable investment gifts that allow the individual to receive annual fixed payments for the remainder of their life. Annuities can be created by transferring cash, securities, and other properties to benefit the Voluntary Action Center. The annuity's principal passes to the Voluntary Action Center at the individual's passing. The individual receives a tax deduction and may be eligible for savings on capital gains taxes.
The Voluntary Action Center is a registered 501c(3) non-profit organization that allows contributions to be made through estate and will planning. Leaving a designated contribution in your will can reduce federal estate gift taxes because of our organization's non-profit status. Gifts of real estate can be designated because property ownership is not affected during the individual's lifetime but only after the individual's death.
You can designate IRA rollovers to the Voluntary Action Center and avoid taxes on up to $100,000. IRA rollover contributions are not subject to the same tax deduction limitations as other charitable giving. This helps satisfy your required minimum distributions and can help save on income taxes.
Charitable trusts allow payouts to be given to the Voluntary Action Center during an individual's lifetime with the principal retained for children, grandchildren, or other loved ones.